Reversing an authorised reallocation

To reverse an authorised reallocation:

1. Click View Current/Future. For help accessing GSH Reallocations, see Access GSH Reallocations.
2. The Current/Future Authorised Reallocations interface displays, click View in the Action column next to the reallocation you want to reverse.

The counterparty must authorise the new reallocation for the reversal to take effect.

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3. The reallocation details display, click Reverse in the top right-hand corner.
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4. A new reallocation record with exactly same details as the original reallocation record but with reversed Credit and Debit Parties displays. The Reference field contains a reference for the reversal.

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5. Click the check box to confirm the existence of an underlying contract underpinning the reallocation.
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6. The submit button becomes active when all mandatory fields are complete, click Submit to validate the reallocation.
7. The reallocation is validated and if successful, a new reallocation ID is generated, the status is set to not submitted and the Reallocatons Awaiting Authorisation By Counterparty interface displays, View Awaiting Counterparty.
8. If the reallocation does not pass validation the errors display on the screen, correct the errors and click Submit again.

8. A confirmation report is issued to both the submitter and the counterparty.